Bank of Russia clarifies procedure for calculating required reserves for non-bank credit institutions

The Bank of Russia has decided to clarify the procedure for calculating the amount of required reserves for non-bank credit institutions regarding settlements based on clearing results.

When compiling data on average monthly balances of balance-sheet accounts for calculating the amount of required reserves, the said credit institutions shall be entitled not to include liabilities to other credit institutions recognised in balance-sheet account No. 30414 ‘Clearing bank accounts for the fulfilment of obligations, individual clearing and other collateral’ in reservable liabilities.

This procedure is applicable starting from the regulation of the amount of credit institutions’ required reserves for April 2022.

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11.05.2022 17.33.00